#OrderTypes101

Coin Pair: XRP/USD

Mastering order types is essential when trading XRP/USD. Market orders execute instantly at the current price, ideal for quick trades but risky in volatile markets. Limit orders let you set a specific price, ensuring you buy or sell XRP/USD only at your desired rate, offering control but no guaranteed execution. Stop orders trigger a market order when XRP/USD hits a set price, useful for limiting losses or locking in profits. Understanding these order types helps manage risk and strategy effectively. Practice with small amounts and review historical data to see how each type performs in different market conditions.